Rinehart’s Hancock weighs $3.3 billion iron ore mine project
Hancock acquired a 51% interest in the Mt Bevan project from Legacy Iron Ore Ltd. and Hawthorn Resources.
A large Queensland pastoral farm used for wagyu cattle breeding is set to become a coal mine after Australian Agricultural Company (AAC) agreed to sell a property to mining company Xstrata.
The global miner will pay $21.6 million cash for the 17,474-hectare Meteor Downs property without any cattle or machinery.
Image is from Cyrille BERNIZET
